Hello,
I wan tot invest £10,000 in India and ideally would like monthly income from it. Can you please suggest how to diversify? Should I buy 5 different NCD ( of £2,000 each) ? Is there a better way to get around tax implications? I don't like Mutual funds as there is no assurance. With NCD's , we see money coming back to our account every month.
Thanks , Sandeep
6 Answers
Dear Sandeep,
What would you do with the monthly income generated by the NCDs? Are you going to re-invest or is it for consumption? (Trying to understand the PURPOSE).
May I know your age & investment objective(s) plz ??
Read:
Sreekanth , am 40 years old. Have some insurance and MF's in India. Not happy with performance of MF's , hence the query about NCD. Atleast I will see some money coming :)
purpose - 50% for consumption and 50% re-investment. I am starting with Rs.10 lakhs and will keep adding 10 lakhs every year. The consumption amount will go to my retired parents.
Dear Sandeep,
If possible, do share the your MF portfolio details.
You may invest in Secured NCDs. Kindly avoid the UNSECURED ones.
Dear Sandeep,
If possible, do share the your MF portfolio details.
You may invest in Secured NCDs. Kindly avoid the UNSECURED ones.
Hello Sreekanth,
Here you go. MF's bough in 2006 , stopped investing in it as SIP in 2009.
Franklin India BLUECHIP FUND - DIVIDEND
Franklin India Flexi Cap Fund - Dividend
Franklin India High Growth Companies Fund-dividend
FT India MONTHLY INCOME PLAN A - GROWTH
HSBC Equity Fund - Dividend
HSBC MIP-Savings Plan-Growth
HSBC Progressive Themes Fund - Dividend
ING OptiMix RetireInvest Fund Series I - Dividend
Fidelity Tax Advantage (D)
Hi Dear,
You might have had bad experience with Mutual Funds (way back in 2009) but that should not deter you from investing in couple of well performing equity funds. Equity oriented products can be one of the best avenues to beat inflation and give you better Real rate of returns.
Read: What is Real Rate of Return?
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